Pivot: 1365.
Our Preference: Bearish below 1365 with targets @ 1150 1080 in extension.
Alternative scenario: An upside breakout of 1365 would open the way towards 1550.
Comment: as long as 1365 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Bearish, we have been bearish since 21 DEC 2012 (1667).
Key levels Comment
1550 Horizontal resistance
1488 Horizontal resistance
1365 Pivot point
1338 Last
1150 Fib retracement (61.8%)
1080 Fib retracement (50%)
1000 Horizontal support
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